Samyang ROUNDSQUARE announced on March 20 that its Spicy Buldak Ramen was featured as a leading example of K-Ramen on the British micro-documentary channel Great Big Story.Launched in 2015, Great Big Story is a channel that produces micro-documentaries on a variety of fields including food, hobbies,
barenbliss, a rising clean beauty brand from Seoul , is thrilled to announce the grand opening of its inaugural global flagship store ----the barenbliss Clean Beauty Archive Garden in Myeongdong. Meanwhile, the brand also announced a collaboration with Korlma Korea at the opening ceremony to establi
The author, Sam seog Ko, is a distinguished professor at the College of AI Convergence at Dongguk University and former commissioner of the Korea Communications Commission -- Ed.The global streaming service Netflix is rapidly changing the media market. Especially during the corona pandemic, media ex
The Korean beauty care industry is turning its eyes to the Japanese market. It is a strategy to try to rebound by targeting Japan as an alternative market as its performance weakened due to a decline in the market share of Korean cosmetics in China.LG Household and Health Care’s cumulative sales thr
Korea and the Gulf Cooperation Council (GCC) have finalized negotiations on a free trade agreement (FTA). The Korea-GCC FTA is Korea’s twenty-fifth FTA and the second with the Arab world after the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA). As Korea has gain
K-beauty companies are gaining tremendous popularity in the Japanese market, surpassing beauty powerhouse France. Leveraging cost-effectiveness and product quality, these companies are showcasing their presence across both online and offline markets, offering a range of products from basic skincare
LG Household & Health Care announced on Dec. 7 that it has recorded a 300 percent increase in sales about six months since launching its first cosmetics on Japan’s leading online shopping site Qoo10.LG Household & Health Care has been steadily launching LG Household & Health Care branded products on
Forbes today unveiled its 2023 Asia’s Power Businesswomen list, honoring 20 successful female leaders across the Asia-Pacific region, who operate in a broad range of industries including finance and banking, property, technology and commodities. The complete list can be found in the November issue o
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Even taking into account seasonality (3Q), we expect Cosmax to show encouraging non-consolidated sales growth for 3Q23. Noting valuation merit (versus cosmetics ODM peers), we maintain Cosmax as our
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Cosmax recorded solid 1Q23 sales for both Korea and SEA. Despite a heightened cost burden since 2Q22 amid intensifying inflation, leverage effects are anticipated from 2Q23 in response to sales expa
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 OP better than expected, China earnings on a recovery pathCosmax’s consolidated sales came in line with expectations at KRW403.3bn (+1% YoY) in 1Q23, and operating profit fared slightly better at KRW1
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 operating profit meets expectationsClio Cosmetics posted consolidated operating profit of KRW5.2bn (+44% YoY) on sales of KRW75bn (+14% YoY) for 1Q23, meeting our estimate and the market consensus. Sa
The author is an analyst of Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q OP results to fall short but China earnings on a recovery pathWe now expect Cosmax to post consolidated operating profit of KRW 11bn (- 20% YoY) on sales of KRW401.7bn (+1% YoY) for 1Q23, missing the con
Amorepacific announced on Nov. 17 that it has won two Innovation Awards at CES 2023. The company has won the CES Innovation Awards for four consecutive years.The company won an Innovation Award in the robotics category with Authentic Color Master by TONEWORK, a solution for a smart customized makeup
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. 2Q earnings likely sluggish due to COVID-19 lockdowns in ChinaWe now expect Cosmax to post consolidated operating profit of KRW12.6bn (-71.2% YoY) on sales of KRW374.9bn (-12.9% YoY) for 2022, missin
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. 2Q22 earnings to disappoint due to COVID-19 lockdowns in ChinaWe now expect LG Household & Health Care to post consolidated operating profit of KRW200.6bn (-40.3% YoY) on sales of KRW1.72tr (-14.9% Y
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. In line with recovering demand for color makeup, orders for C&C International’s lip makeup products have been expanding. The firm is expected to book relatively sound earnings in 2Q22 thanks to: 1)
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Moving ahead, Cosmax’s Chinese subsidiary should see an increase in orders, despite heated competition in China, and the domestic subsidiary should keep growing on solid sales of hit products. Meanwhi
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. C&C International is to see improving earnings going forward, supported both by growing cosmetics demand in North America and Europe in line with rising inoculation rate, increasing sales of high-end
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Maintain TP of KRW185,000; Recommend BUY We maintain BUY on Cosmax and our TP of KRW185,000. While we have made only modest revisions to our revenue and OP forecasts, we have lowered our NP outlook by 16% c